Posts tagged #Alexandria Ocasio-Cortez

AOC Gets Schooled on Economics by PragerU

Alexandria Ocasio-Cortez, the gift that just keeps on giving.

This woman is technically dead from the shoulders up. And, for the lift of me, I cannot understand why people take this moron seriously. Listening to idiots like this and following their "guidance" will put us all in the same situation Venezuela is now in.

Vote Republican like your life depends on it, because it basically does.

Posted on March 12, 2019 and filed under Democrats.

Americans for Tax Reform: The Top 20% of Households Pay 88% of Federal Income Taxes

Photo source: TexAgs

Photo source: TexAgs

The recently elected brain trust on all issues fiscal, Alexandria Ocasio-Cortez, has decided that the top earners do not pay their “fair share” and should have 70% of their income stolen, er, taxed. The following information, obtained from the Americans for Tax Reform, indicate exactly how much the wealthiest do contribute:

According to the Congressional Budget Office

-The top one percent of households pay 39.4 percent of federal income taxes and 26.2 percent of total federal taxes.

- The top 20 percent of households pay 88.1 percent of federal income taxes and 69.5 percent of total federal taxes.

- The top one percent of households pay an average income tax rate of 24 percent while the middle quintile pays an average income tax rate of 3 percent.

- The top one percent of households pay an average total tax rate of 33.3 percent while the middle quintile pays an average total tax rate of over 14 percent.  

- The top 20 percent of households pay an average total tax rate of 26.7 percent while the middle quintile pays an average total tax rate of 14 percent. 

Read more: The Top 20% of Households Pay 88% of Federal Income Taxes